2014-11-10T16:23:30-06:00 2013-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2013-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8774951600 PO BOX 502080 SAN DIEGO CA 921502080 KENNETH HORTON VP FINANCE 8774951600 2014-11-05 1 VALENTINO CREUS CPA P01054153 8189549700 2013 2015-11-30 17:44:51Z MARLA SHEPARD PO BOX 502080 SAN DIEGO CA 921502080 77301252 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 528 17 0 0 0 0 69851718 66023977 6157453 6281987 1197813 4813030 77206984 77118994 9844 11505 0 0 28003570 27627102 0 0 0 33673645 28028730 61687059 55667337 15519925 21451657 1710049411 1775766404 1532622291 1577380716 177427120 198385688 X CALIFORNIA COAST CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CALIFORNIA COAST CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LINES, VISA AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 33214 0 1 528 1 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X KENNETH HORTON 8774951600 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 STEVE MCMAHON CHAIR 4.00 X 0 0 0 TOM ERICKSON VICE CHAIR 4.00 X 0 0 0 BRUCE HUSSON SECRETARY 4.00 X 0 0 0 BARBARA K BROOKS BOARD MEMBER 2.00 X 0 0 0 GARY ATKINSON BOARD MEMBER 2.00 X 0 0 0 ROBERT T ALTMAN BOARD MEMBER 2.00 X 0 0 0 FRED MEHLICK BOARD MEMBER 2.00 X 0 0 0 RICHARD J KNOTT BOARD MEMBER 2.00 X 0 0 0 ROBERT J MICHAELS BOARD MEMBER 2.00 X 0 0 0 FRED WALTERS BOARD MEMBER 2.00 X 0 0 0 KERRY FLANAGAN BOARD MEMBER 2.00 X 0 0 0 KATHY MA SUPV COMMITTEE CHAIR 2.00 X 0 0 0 ROSS WHITE SUPV COMMITTEE MEMBER 2.00 X 0 0 0 MARY JEAN DEL CAMPO SUPV COMMITTEE MEMBER 2.00 X 0 0 0 JAY SHEPARD SUPV COMMITTEE MEMBER 2.00 X 0 0 0 WARREN RUIS SUPV COMMITTEE MEMBER 2.00 X 0 0 0 DENNIS MCGRATH SUPV COMMITTEE MEMBER 2.00 X 0 0 0 MARLA SHEPARD CEO 40.00 X 689711 0 20854 TODD LANE CFO 40.00 X 296902 0 17575 KATHERINE CADY COO 40.00 X 359083 0 21820 ROBERT G DISOTELL CLO 40.00 X 207236 0 18758 MITZI G ZARCONE SVP LENDING 40.00 X 212356 0 11093 LORI J DURAN SVP BRANCH NETWORK DEVELOP 40.00 X 201950 0 6658 DARLEEN WILKINS SVP BRANCH NETWORK DEVELOP 40.00 X 187240 0 15189 SUSAN A WHITELEY VP INFORMATION TECHNOLOGY 40.00 X 194007 0 19066 KENNETH HORTON VP ACCOUNTING & FINANCE 40.00 X 177552 0 22511 2526037 0 153524 20 0 1 0 MILNER BUTCHER MEDIA GROUP LLC 11150 W OLYMPIC BLVD S-185 LOS ANGELES CA 90064 MARKETING 1089129 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 10409 PLASTIC CARD NETWORK CONNECTION SERVICE 962548 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 CREDIT CARD PROCESSING 818676 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 MEMBER STATEMENT PROCESSING SERVICE 750191 FISERV SOLUTIONS INC 75 REMITTANCE DRIVE CHICAGO IL 60675 MEMBER STMT PROCESSING SVCS 737580 25 INTEREST ON LOANS 522100 43298118 43298118 OTHER OPERATING INCOME 522100 13281483 13281483 FEE INCOME 522100 9444376 9444376 66023977 5486186 5486186 978059 182258 795801 795801 795801 PROVISION FOR LOAN LOS 522100 3411956 3411956 OTHER NON-OPERATING IN 522100 1401074 1401074 4813030 77118994 77118994 0 0 X 11505 2526037 21104681 645259 1538974 1812151 151072 61532 5729674 2332814 5048371 2044354 4006527 381832 4087348 1496142 1246283 LOAN SERVICING EXPENSES 861123 MISC OPERATING EXPENSE 420624 OPERATING FEES 161034 55667337 10508690 11801131 100384448 85900905 1855848 1990618 61276055 31625671 30744821 29650384 617358516 626975773 925363622 1001449704 3167772 3167772 20665694 14830117 1710049411 1775766404 17754540 17095741 1514867751 1560284975 1532622291 1577380716 X 0 0 0 0 177427120 198385688 177427120 198385688 1710049411 1775766404 X 21451657 -582996 89907 X X 0 1 X 1 0 11505 11505 11505 0 DAVID BAUER 2150 RIVER PLAZA DR 150 SACRAMENTO CA 95833 263457749 2505 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 921865833 743032876 4000 CCUL-PAC 1201 K STREET SUITE 1090 SACRAMENTO CA 95814 940357265 5000 12219175 12219175 26715963 13023287 13692676 6424186 5407885 1016301 15916731 13194499 2722232 29650384 DEPOSITS IN COMMERCIAL BANKS 17730999 C ALL OTHER INVESTMENTS 12015298 F LOANS AND LEASES 954871903 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 15576940 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 118116 C MEMBERSHIP CAPITAL AT CORP CUS 8948 C LOANS HELD FOR SALE 1127500 F 1001449704 MEMBER SHARE DEPOSITS 1560284975 1560284975 X PART X, LINE 2: ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED" OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. THE CREDIT UNION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2010 AND BY STATE TAX AUTHORITIES BEFORE 2009. FOR THE YEAR ENDED MARCH 31, 2014, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. X 1 1 X X X X 0 1 0 MARLA SHEPARD CEO 463270 0 197050 0 29391 0 4684 0 16170 0 710565 0 0 0 TODD LANE CFO 229204 0 67032 0 666 0 6684 0 10891 0 314477 0 0 0 KATHERINE CADY COO 258478 0 72027 0 28578 0 7650 0 14170 0 380903 0 0 0 ROBERT G DISOTELL CLO 179430 0 26310 0 1496 0 5608 0 13150 0 225994 0 0 0 MITZI G ZARCONE SVP LENDING 166837 0 38315 0 7204 0 5019 0 6074 0 223449 0 0 0 LORI J DURAN SVP BRANCH NETWORK DEVELOP 157351 0 36758 0 7841 0 0 0 6658 0 208608 0 0 0 DARLEEN WILKINS SVP BRANCH NETWORK DEVELOP 151956 0 28063 0 7221 0 4535 0 10654 0 202429 0 0 0 SUSAN A WHITELEY VP INFORMATION TECHNOLOGY 153156 0 38876 0 1975 0 4854 0 14212 0 213073 0 0 0 KENNETH HORTON VP ACCOUNTING & FINANCE 138971 0 35118 0 3463 0 4543 0 17968 0 200063 0 0 0 PART I, LINE 4B THE NONQUALIFIED RETIREMENT PLAN IS A SERP AND IS INTENDED TO SUPPLEMENT THE CEO'S 401(K) RETIREMENT PLAN BENEFITS IN ORDER TO ENSURE THAT THE CEO RECEIVES A CERTAIN AMOUNT OF TARGETED RETIREMENT BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO IS THE ONLY PARTICIPANT IN THE PLAN. SYMITAR SUBSIDIARY OF JACK HENRY C MARLA SHEPARD, CEO OF CCCU, IS ALSO A BOARD MEMBER OF SYMITAR. 486118 PROVIDER OF CCCU'S CORE SYSTEM 0 MOORE BREWER JONES TYLER - LAW FIRM HUSBAND OF MARLA SHEPARD, CEO OF CCCU, IS A PRINCIPAL AT THIS LAW FIRM. 69743 LEGAL FEES 0 FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA COAST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CALIFORNIA COAST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA COAST CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PROVIDED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES REVIEW AND SIGN THE CREDIT UNION'S FRAUD POLICY ANNUALLY; REGULAR EXTERNAL AND INTERNAL AUDITS ARE PERFORMED; AND EMPLOYEE ACCOUNTS ARE MONITORED REGULARLY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES AN INDEPENDENT CONSULTING FIRM TO REVIEW TITLES AND SALARY LEVELS FOR MANAGER LEVEL AND ABOVE. FOR THE CEO, COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE BUILDING LOBBY AND ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 5,729,674. FORM 990, PART XI, LINE 9: ADJUSTMENT TO UNDIVIDED EARNINGS 13,700. ADJUSTMENT TO REGULAR RESERVES 76,207. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 142736 1294079 CALIFORNIA COAST CREDIT UNION